XRP Price Forecast: Will Ripple Defend the $2.85 Line Today?
XRP bulls dig in at critical $2.85 support—will it hold or fold?
Technical Tug-of-War
Ripple's native token faces its ultimate stress test as market forces collide at the $2.85 threshold. Traders watch order books like hawks, waiting to see if buy walls withstand the selling pressure.
Market Mechanics at Play
Volume patterns suggest institutional accumulation beneath key levels—smart money positioning while retail panics. Liquidity pools cluster around the $2.80-$2.90 range, creating a gravitational pull that could snap prices in either direction.
Regulatory Overhang
SEC shadows still loom despite partial victories, because nothing says 'mature asset class' like constant legal warfare determining valuation metrics. Traditional finance veterans chuckle into their bourbon as crypto still fights for basic operational clarity.
Breakout or Breakdown?
All eyes on the daily close—hold above $2.85 opens runway toward next resistance, while failure triggers stop-loss cascades. The chart doesn't care about your feelings, only price action matters now.
Current XRP price scenario
Major wallets began reducing their exposure to a potential price drop in anticipation of Fed Chair Jerome Powell’s speech which will take place on Friday, detailing new Federal Reserve policies that could impact price.
If Powell signals interest rate cuts, liquidity and risk appetite could boost crypto prices, but a hawkish tone may trigger further sell-offs.
As a result, XRP is now trading at $2.90.
Breaking out of a symmetrical triangle trading pattern, XRP dropped under the 50-day moving average and slipped from the $2.95 price point seen yesterday. Upcoming support levels include $2.74 and $2.63. xrp price has dropped by -11.6% over the last 7 days and by -18.52% in the past month.
Key Signs XRP could slide lower
1: High profit margins
93% of the circulating supply of XRP is in profit. While this is, of course, a positive result for holders, it could prompt many to take profits at this juncture, possibly leading to a selloff.
2: Bearish technical structure
The RSI has dipped to oversold territory, with candlestick formations
Indicators confirm the weakening structure. The RSI has dipped to 35, approaching oversold territory, while candlestick formations such as “three black crows” leading to analysts to consider a bearish scenario.
A short-term price bounce could follow this kind of oversold reading, but the overall forecast remains cautious/negative for the time being. This situation WOULD be reviewed if XRP could make it back to the resistance band identified at $2.95 – $3.15.
3: Next support levels
If XRP is seen to break below $2.85, as several signs are now flagging as a possibility, the next support levels are $2.74 and perhaps $2.63. However, traders would need to exhibit strong confidence in buying the dip in order for XRP to stabilize. Otherwise, any upcoming correction has the potential for further downside.
XRP price prediction for today
All depends on whether XRP can hold at $2.85 today and throughout the week as we approach Powell’s speech. A bounce could trigger upside towards the $3.02 range, although as stated, the momentum shown on chart indicators show that sellers are currently holding the reigns.
As such, the current Ripple crypto price prediction is somewhat bearish, with current projections indicating a possible slide to $2.74.
Crypto.news analysts recently predicted XRP’s current slide below $3.
Traders might do well to keep expectations balanced, as the short-term outlook for Ripple remains defensive until key resistance levels are reclaimed.
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